Downsizing in Furzedown: What You Would Actually Release
Selling at the £750,000 Furzedown average and buying at £525,000 releases about £194,800 after costs. Fees, stamp duty and moving take roughly £30,200 of it.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Selling at the £750,000 Furzedown average and buying at £525,000 releases about £194,800 after costs. Fees, stamp duty and moving take roughly £30,200 of it.
The downsizing sum for Furzedown
Start with the gap. Selling at £750,000 and buying at 70% of that, £525,000, leaves £225,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £11,250. Stamp duty on the purchase is £16,250. Total £30,200, leaving £194,800 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Furzedown.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £255,000. Downsizing nets £194,800. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £255,000 release grows to roughly £898,529. The downsizing figure does not grow at all, because there is no debt.
The parts of downsizing that are not financial
Council tax follows the property, not the person. Band D in Furzedown is £1,020, and a smaller home may sit in a lower band. Check the band before you offer, not after.
Downsizing works best when you are not in a hurry.
What a move within Furzedown looks like
The schools families ask about here are Penwortham Primary School, Furzedown Primary School, Sellincourt Primary School, Graveney School and Ernest Bevin Academy. 5 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Tooting Bec to Leicester Square takes about 20 min.
By price, Furzedown ranks 88 of the 320 London locations we cover, at £750,000 against a county average of £732,469. Band D council tax here is £1,020, against an average of £2,121 across the towns we cover in the county.
Moving within London rather than out of it keeps you near family and known services. The average price across the county towns we cover is £732,469, against £750,000 here.
Is Furzedown right to stay in?
Furzedown is a quiet, leafy, family-friendly residential district with a village feel.
The full local guide covers schools, transport and the market in detail: Furzedown property and area guide.
- A quiet, leafy, family-friendly Wandsworth district
- The lowest council tax in England
- Good local schools (Penwortham, Graveney, more)
- A genuine village-feel community
- Tooting Common & the historic Tooting Bec Lido
- No railway station of its own
- Prices firmly at London levels
- Wandsworth is competitive for school places
- A short walk or bus to the Northern line / Streatham rail
- Flats/conversions need lease checks
| Who it suits | Out of five | Why |
|---|---|---|
| Families | ★★★★★ | A genuinely family-first district, Penwortham Primary (Outstanding), Furzedown and Sellincourt (Good primaries), Graveney School (Outstanding secondary) and Ernest Bevin Academy nearby, roads of family houses, Furzedown Rec, Tooting Common and the Lido, and one of the lowest council tax bills in England. |
| Professionals | ★★★★★ | Leafy roads of houses within reach of town via the Northern line and Streatham rail, a village-feel community and very low council tax suit professionals wanting space and a settled neighbourhood at a relative discount to prime Wandsworth. |
| First-time buyers | ★★★★☆ | Flats and maisonette conversions (often around £400,000 to £550,000) offer a way into a sought-after Wandsworth district with the lowest council tax in England, though houses are firmly at London family-market levels. |
| Commuters | ★★★★☆ | No station of its own, but Tooting Bec and Tooting Broadway on the Northern line (Zone 3) and Streatham and Streatham Common rail into Victoria and London Bridge are a short walk or bus away, a good, if not doorstep, commute. |
| Upsizers | ★★★★☆ | Larger Victorian and Edwardian houses give real family space and gardens at below-prime-Wandsworth prices, with schools, green space and very low council tax, though the biggest houses still command a premium. |
Furzedown is known locally for Tooting Bec Lido. Tooting Bec Lido on Tooting Common, the largest freshwater swimming pool in England, a historic, much-loved outdoor pool a short walk from Furzedown.
Practical detail for Furzedown: the SW17 (bordering SW16) postcode district, no station of its own; Tooting Bec & Tooting Broadway (Northern line, Zone 3) and Streatham & Streatham Common (Southern/Thameslink) close by and nearest A and E is St George's Hospital, Tooting (very close), verify with NHS.
Furzedown has history behind the price. In Medieval to 18th c., Open down and farmland, furze-covered high ground between the Surrey villages of Tooting and Streatham.
Furzedown at a glance
| Downsizing line | Furzedown figure |
|---|---|
| Sale price, local average | £750,000 |
| Purchase at 70% of value | £525,000 |
| Estate agent at 1.5% | £11,250 |
| Stamp duty on purchase | £16,250 |
| Legal and moving | £2,700 |
| Total costs | £30,200 |
| Net released | £194,800 |
| Lifetime mortgage alternative at 65 | £255,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Furzedown
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- A real valuation of your home, not the £750,000 average
- The council tax band of the property you are buying
- Total moving costs of about £30,200
- The equity release comparison, in writing, before you decide
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Furzedown
Broadband speeds can vary street by street in Furzedown, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much would I release by downsizing in Furzedown?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Furzedown?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.